Closing Costs for Home Real Estate Transactions

There are certain standard costs related to closing the sale of a house. Buyers and sellers customarily split these costs, as specified in the sales contract.

As indicated below, many of the closing costs result from getting your mortgage loan. At BeneGroup, Inc., we are highly experienced in mortgage lending, so we can provide you with a comprehensive list of mortgage-related closing costs in your "Loan Estimate".

Loan Estimates (LEs)

Soon after you apply for a loan, we will provide you with a "Loan Estimate" of your costs. The closing costs spelled out in the LE are estimated based on BeneGroup, Inc.'s experience with mortgage loans, but costs often vary by small amounts between delivery of the LE and closing. We review Loan Estimates with buyers every day, so we will be happy to answer your questions about closing costs.

Below is a generic list of closing costs. We will always provide a specific list of your closing costs when we deliver your Loan Estimate.

Standard Closing Costs

Loan-Related Costs

• Up-front Interest Payment
• Escrow Account
• Taxes
• Loan-related costs
• Points — A fee paid to lower your interest rate (optional)
• Appraisal Costs
• Credit Report

Property Taxes

• Insurance
• Transfer Taxes & Recording Fees

Homeowners Insurance

• Private Mortgage Insurance (PMI)
• Title Insurance
• Flood or Earthquake Insurance if applicable

At BeneGroup, Inc., we answer questions about closing costs every day. Give us a call at 4083956018.